How Drug Dealers Got Convicted After Receiving $4.8 Millions In Bitcoin
Millions in Bitcoin were seized in a police operation. Per a report by news portal Birmingham Live, Jehanzeb Amar and Salahyndin Warsame were convicted for running a drug trafficking operation in Birmingham. In over two years, the subjects were paid more than $4.8 million (around 3.5 million in pounds sterling) for selling “huge amounts” of […]
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A new report, commissioned by the Dutch government, shows that online drug markets have grown since 2013 despite an uptick in major crackdowns since that time. Global Drug Dealers Raking in Millions on the Dark Net. The report was requested by the Netherlands government to determine how drug markets have fared in the years after Silk Road’s demise. Unfortunately for authorities, the report seems to suggest that their efforts to stop online drug trading have mostly failed. In fact, according to the report, the successors of Silk Road are raking in millions of dollars in revenue each month.....
“The Silk Road underground website was the global venue for drug trafficking and money laundering, producing millions in dirty profits. DEA and others followed the money throughout this investigation, leading to this seizure. The website was used by drug dealers to put illicit drugs into our communities and literally at our doorsteps nationwide,” said DEA Special Agent in Charge, Brian R. Crowell. The US Marshals announced that it will auction off another set of 50,000 bitcoins, worth about $11.7m at press time, in March. The bitcoins were originally obtained by the FBI when they shut down....
Bitcoin ATMs are highly concentrated in minority areas within New York City. Some suggest they are targeting minorities involved in the drugs trade. Others argue that minorities sending remittances are the target instead. Drug dealers targeted. Twitter user, Dan Anderson (@droplister), created the census data map to highlight the high concentration of BTMs in minority areas. Cynicists would suggest these target minorities involved in the drugs trade, but statistics don’t support their viewpoint. As a matter of fact, white Americans surpasse African-Americans in drug usage by a very wide....
Deep web drug dealers apprehended by German law enforcement agencies. Sheep Marketplace owner charged with theft of millions of dollars in Bitcoin. Germany is leaning hard on drug trafficking over deep web. In a recent development, the German law enforcement authorities have seized over $400,000 in Bitcoin from four deep web drug dealers they arrested. Since last month, Germany has stepped up its investigations into “illegal” dealings on cyberspace. According to reports, the four arrests were made by officers from a joint investigation group involving the Central Office of Cybercrime and....
There’s a new avenue darknet market (DNM) customers have found that allows them to purchase illegal wares 24 hours a day via a robot drug dealer hosted on Telegram. The platform dubbed ‘Televend,’ is an automated software program that peddles illicit narcotics for people paying with bitcoin and during the last few months, the complex system has grown massively. While many darknet markets have fallen to the wayside, a slew of new types of methods when it comes to selling illegal drugs online has risen. For instance, the world’s largest DNM in Russia, Hydra,....